Short Interest in ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Declines By 16.6%

ProShares UltraPro Short QQQ (NASDAQ:SQQQ) was the recipient of a large decrease in short interest in December. As of December 31st, there was short interest totalling 12,030,000 shares, a decrease of 16.6% from the December 15th total of 14,430,000 shares. Based on an average daily volume of 39,534,800 shares, the short-interest ratio is currently 0.3 days.

ProShares UltraPro Short QQQ Price Performance

NASDAQ SQQQ traded down $1.50 on Friday, hitting $29.19. 55,557,783 shares of the company traded hands, compared to its average volume of 56,480,375. The business’s 50 day moving average price is $30.99 and its 200-day moving average price is $37.07. ProShares UltraPro Short QQQ has a 52-week low of $27.54 and a 52-week high of $67.75.

ProShares UltraPro Short QQQ Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a $0.8168 dividend. This is a positive change from ProShares UltraPro Short QQQ’s previous dividend of $0.75. The ex-dividend date was Monday, December 23rd.

Hedge Funds Weigh In On ProShares UltraPro Short QQQ

Hedge funds have recently modified their holdings of the company. DRW Securities LLC bought a new stake in ProShares UltraPro Short QQQ during the 2nd quarter valued at approximately $1,481,000. Raffles Associates LP raised its position in ProShares UltraPro Short QQQ by 250.0% during the second quarter. Raffles Associates LP now owns 175,000 shares of the company’s stock valued at $1,449,000 after purchasing an additional 125,000 shares during the period. Creative Planning lifted its position in ProShares UltraPro Short QQQ by 138.6% in the second quarter. Creative Planning now owns 46,219 shares of the company’s stock worth $383,000 after buying an additional 26,845 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in shares of ProShares UltraPro Short QQQ during the 2nd quarter worth about $29,000. Finally, SG Americas Securities LLC grew its holdings in ProShares UltraPro Short QQQ by 25.5% during the 3rd quarter. SG Americas Securities LLC now owns 18,090 shares of the company’s stock valued at $134,000 after purchasing an additional 3,679 shares during the last quarter.

About ProShares UltraPro Short QQQ

ProShares UltraPro Short QQQ (the Fund) seeks daily investment results, which corresponds to three times the inverse of the daily performance of the NASDAQ-100 Index (the Index). The Index includes 100 of the non-financial domestic and international issues listed on National Association of Securities Dealers Automated Quotation (NASDAQ) Stock Market.